Indigo Books Music Stock Market Value
| IDGBF Stock | USD 1.82 0.02 1.11% |
| Symbol | Indigo |
Indigo Books 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Indigo Books' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Indigo Books.
| 03/29/2024 |
| 05/28/2024 |
If you would invest 0.00 in Indigo Books on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Indigo Books Music or generate 0.0% return on investment in Indigo Books over 60 days. Indigo Books is related to or competes with Vuzix Corp, Singing Machine, Wearable Devices, LG Display, Vizio Holding, Sony Group, and Sonos. Indigo Books Music Inc., together with its subsidiaries, operates as a book and lifestyle retailer in Canada and the Uni... More
Indigo Books Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Indigo Books' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Indigo Books Music upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1132 | |||
| Maximum Drawdown | 20.18 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 1.11 |
Indigo Books Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indigo Books' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indigo Books' standard deviation. In reality, there are many statistical measures that can use Indigo Books historical prices to predict the future Indigo Books' volatility.| Risk Adjusted Performance | 0.0852 | |||
| Jensen Alpha | 0.3037 | |||
| Total Risk Alpha | 0.1526 | |||
| Treynor Ratio | 2.41 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indigo Books' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Indigo Books Music Backtested Returns
Indigo Books appears to be unstable, given 3 months investment horizon. Indigo Books Music holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Indigo Books Music, which you can use to evaluate the volatility of the firm. Please utilize Indigo Books' Standard Deviation of 2.39, risk adjusted performance of 0.0852, and Market Risk Adjusted Performance of 2.42 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indigo Books holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indigo Books' returns are expected to increase less than the market. However, during the bear market, the loss of holding Indigo Books is expected to be smaller as well. Please check Indigo Books' information ratio, skewness, price action indicator, as well as the relationship between the treynor ratio and rate of daily change , to make a quick decision on whether Indigo Books' current trending patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Indigo Books Music has good predictability. Overlapping area represents the amount of predictability between Indigo Books time series from 29th of March 2024 to 28th of April 2024 and 28th of April 2024 to 28th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Indigo Books Music price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Indigo Books price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Indigo Books Music lagged returns against current returns
Autocorrelation, which is Indigo Books pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Indigo Books' pink sheet expected returns. We can calculate the autocorrelation of Indigo Books returns to help us make a trade decision. For example, suppose you find that Indigo Books has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Indigo Books regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Indigo Books pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indigo Books pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indigo Books pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Indigo Books Lagged Returns
When evaluating Indigo Books' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indigo Books pink sheet have on its future price. Indigo Books autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Indigo Books autocorrelation shows the relationship between Indigo Books pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Indigo Books Music.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Indigo Books Correlation, Indigo Books Volatility and Indigo Books Alpha and Beta module to complement your research on Indigo Books. Note that the Indigo Books Music information on this page should be used as a complementary analysis to other Indigo Books' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Indigo Pink Sheet analysis
When running Indigo Books' price analysis, check to measure Indigo Books' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Indigo Books is operating at the current time. Most of Indigo Books' value examination focuses on studying past and present price action to predict the probability of Indigo Books' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indigo Books' price. Additionally, you may evaluate how the addition of Indigo Books to your portfolios can decrease your overall portfolio volatility.
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Indigo Books technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.